Shares of Symantec Corporation (NASDAQ:SYMC) Sees Large Outflow of Money

Symantec Corporation (NASDAQ:SYMC) During the most recent session, the shares traded at 0.45 points or 2.2% higher at $20.92. The money flow data is unimpressive with the net money flow value of $(-10.56) million. As per the intraday data, the upticks measured $26.45 million and the downticks measured $37.01 million. As a result, the up/down ratio registered a value of 0.71. The shares have seen 4.76% price change for the week.A block trade also made an entry with $4.33 million flowing in through upticks while $12.41 million flew out through downticks. The block tradeoff had the up/down ratio of 0.35. The net money flow for this big transaction was $(-8.08) million.


The stock has recorded a 20-day Moving Average of 17.21% and the 50-Day Moving Average is 19.59%. The company shares have dropped 15.59% in the past 52 Weeks. On June 24, 2015 The shares registered one year high of $24.39 and one year low was seen on March 4, 2016 at $16.14. The 50-day moving average is $17.41 and the 200 day moving average is recorded at $18.75. S&P 500 has rallied 1.93% during the last 52-weeks.

Symantec Corporation (NASDAQ:SYMC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.50 and $20.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.92, notching a gain of 2.20% for the day. The total traded volume was 12,586,391 . The stock had closed at $20.47 on the previous day.

Currently the company Insiders own 0.18% of Symantec Corporation shares according to the proxy statements. Institutional Investors own 96.78% of Symantec Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.99%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Vautrinot Suzanne M, director of Symantec Corp, had unloaded 3,750 shares at an average price of $19 in a transaction dated on June 15, 2016. The total value of the transaction was worth $71,250.

Symantec Corporation provides security, backup and availability solutions. The Company operates in three segments: Consumer Security, Enterprise Security, and Information Management. The Companys products and services offer protection of information in any environment from the mobile device, to the enterprise data center, to cloud-based systems. Consumers receive automatic downloads of the latest virus definitions, application bug fixes and patches for its consumer product. The Companys enterprise security support program offers annual maintenance support contracts, including content, upgrades and technical support. The Companys Consumer Security segment offers Norton-branded services, which provide multi-layer security and identity protection on desktop and mobile operating systems, to defend against online threats to individuals, families and small businesses.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.